VanEck Steel ETF (SLX)
AMEX: SLX
· Real-Time Price · USD
68.66
0.08 (0.12%)
At close: Aug 21, 2025, 3:56 PM
68.20
-0.67%
After-hours: Aug 21, 2025, 06:14 PM EDT
SLX Gamma Exposure By Expiry
The total Gamma Exposure (GEX) for SLX across all expirations is 84.82 shares per 1% move, with 97.46 from calls and 12.64 from puts. The put-call GEX ratio of 0.13 shows call-heavy positioning, potentially creating volatility as market makers hedge by selling into strength and buying weakness. The highest gamma concentration is at the Sep 19, 25 expiration with 61.84 net GEX, which may act as a magnet point for price action. Near-term exposure for Sep 19, 25 suggests potential support from positive gamma hedging flows.
SLX GEX Table
| Expiry Date | Call GEX | Put GEX | Net GEX | P/C GEX |
|---|---|---|---|---|
| Sep 19, 25 | 70.57 | -8.73 | 61.84 | 0.12 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 13.23 | -2.86 | 10.37 | 0.22 |
| Mar 20, 26 | 13.66 | -1.05 | 12.61 | 0.08 |